BRETON (01333) announced that on January 9, 2026, the company's indirect subsidiary, Galaxy Energy, as the project owner, entered into a Design, Procurement, and Construction (EPC) contract for the Dizewa Smart Microgrid (PV-Storage) Project with the contractor, Wuhuang Company. Under this agreement, Wuhuang Company is commissioned to handle the construction and installation work for the project, with a total contract value of $14.939 million.
This project represents the company's first large-scale smart microgrid benchmark project invested in and constructed in the Democratic Republic of Congo (DRC). As disclosed in the "Reasons for the Placing and Use of Proceeds" section of the company's announcement dated November 24, 2025, regarding the completion of a placing of new H shares under the general mandate, approximately 70% of the placing proceeds (approximately HK$168 million) will be used to invest in and develop the Group's overseas photovoltaic and energy storage projects, thereby advancing the implementation of the company's integrated "PV-Storage + Transportation" strategy. This project is a concrete implementation of that specific use of funds and strategic direction, aimed at enhancing the Group's overall solution capabilities in the new energy mining sector. Its successful implementation holds significant strategic importance for the company's expansion into overseas new energy markets and the optimization of its business layout. The Group has already established a strategic cooperative relationship with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (Wuhuang Company's sole shareholder) and successfully won the bid for this project as a consortium. Wuhuang Company possesses extensive experience and a strong reputation in the local mining construction and photovoltaic project sectors; entrusting it with the construction is conducive to ensuring the smooth implementation of the project and aligns with the Group's business development strategy.
Comments